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Anthem Inc: The Losing Streak Continues (ANTM)

By Nick Russo

Anthem Inc (NYSE:ANTM) traded today at a new 52-week low of $182.05. Approximately 105,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.

There is potential upside of 50.8% for shares of Anthem Inc based on a current price of $182.85 and an average consensus analyst price target of $275.67. Anthem Inc shares should first meet resistance at the 200-day moving average (MA) of $276.72 and find additional resistance at the 50-day MA of $277.25.

Anthem Inc share prices have moved between a 52-week high of $311.53 and the current low of $182.05 and are currently at $182.85 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.1% while the 200-day MA has slid 0.6%.

Anthem Inc. operates as a health benefits company. The Company provides health, dental and vision, and pharmacy benefits, as well as life insurance, and life and disability insurance benefits. Anthem offers a broad spectrum of network-based managed care plans to large and small employer, individual, medicaid, and medicare markets.

SmarTrend is monitoring the recent change of momentum in Anthem Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Anthem Inc in search of a potential trend change.

Keywords: 52 week high/lows anthem inc

Ticker(s): ANTM